Purchase Order Financing

Fund Rapid Growth With Purchase Order Financing

Any business can struggle fulfilling large or unexpected orders if they don’t have the cash on hand to cover the costs associated with those orders. Purchase order financing helps your business fill product orders by covering payments to suppliers.

There are many reasons why a business might struggle with large purchase orders; a company may be experiencing rapid sales growth, their sales could be seasonal or they might be undergoing a recapitalization. Some business owners choose to turn away business but this can hurt your reputation and diminish customer trust. When you need funding to help you fulfill your customers’ orders, purchase order financing is a great option.

Purchase Order Financing Explained

A purchase order financing company will make direct payments to your suppliers so that you can receive the raw materials, sub-assemblies or inventory you need to make finished goods for your customers.

Purchase order financing is an ideal way for you to take on larger projects and orders. A related, but different financing option is accounts receivable financing, which is when you sell your invoices for a quick infusion of cash that can be used for any business purpose.

Better Than a Traditional Loan

Purchase order financing is more flexible than traditional lending. Banks generally won’t lend against purchase orders without some other form of collateral, and in most cases the approval process takes weeks or months. A purchase order financing company needs only the purchase order itself as collateral, and can quickly setup payments to your suppliers.

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Phone: (203) 247-4358

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Overview

At Speritas Capital, our team of experienced & strategic commercial capital professionals have decades of banking experience. We help find funding solutions for companies of all sizes across many different industries. We look forward to providing your business with the funding it requires to grow and thrive.